- Amended Statement of Beneficial Ownership (SC 13D/A)
September 07 2011 - 4:13PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
[Rule 13d-101]
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 24.13d-1(a) AND AMENDMENT THERETO FILED PURSUANT TO § 240.13D-2(a)
(Amendment No. 7)*
|
(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
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(CUSIP Number)
|
|
James E. Flynn
Deerfield Capital, L.P.
780 Third Avenue, 37
th
Floor
New York, New York 10017
(212) 551-1600
With a copy to:
Mark I. Fisher, Esq.
Elliot Press, Esq.
Katten Muchin Rosenman LLP
575 Madison Avenue
New York, New York 10022
(212) 940-8800
|
|
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
¨
.
Note
: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 Pages)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b)
x
|
3
|
|
4
|
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5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
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7
|
|
8
|
|
9
|
|
10
|
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
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(1)
Comprised of an aggregate of 2,407,904 shares of common stock, warrants to purchase 324,737 shares of common stock and 5,455,016 shares of common stock issuable as of August 31, 2011 upon the conversion of an aggregate of 39,122 shares of Series A-1 Convertible Preferred Stock held by Deerfield Special Situations Fund, L.P., Deerfield Private Design Fund, L.P. and Deerfield Private Design International, L.P.
(2)
Based on 21,778,812 outstanding shares of common stock of the Company as reported in the Company's Quarterly Report for the quarterly period ended June 30, 2011 filed by the Company on August 15, 2011 with the Securities and Exchange Commission.
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
Deerfield Special Situations Fund, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
o
(b)
x
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3
|
|
4
|
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
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7
|
|
8
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SHARED VOTING POWER
713,076
Shares (3)
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9
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10
|
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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14
|
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(3)
Comprised of 332,114 shares of common stock, warrants to purchase 21,415 shares of common stock and 359,547 shares of common stock issuable as of August 31, 2011 upon the conversion of 2,579 shares of Series A-1 Convertible Preferred Stock.
(4) See footnote 2 above.
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
Deerfield Private Design Fund, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
o
(b)
x
|
3
|
|
4
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
|
8
|
|
9
|
|
10
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
|
|
(5)
Comprised of 795,031 shares of common stock, warrants to purchase 116,172 shares of common stock and 1,951,576 shares of common stock issuable as of August 31, 2011 upon the conversion of 13,996 shares of Series A-1 Convertible Preferred Stock
(6) See footnote 2 above.
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
Deerfield Private Design International, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b)
x
|
3
|
|
4
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
|
8
|
|
9
|
|
10
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
|
|
(7)
Comprised of 1,280,759 shares of common stock, warrants to purchase 187,150 shares of common stock and 3,143,893 shares of common stock issuable as of August 31, 2011 upon the conversion of 22,546 shares of Series A-1 Convertible Preferred Stock.
(8) See footnote 2 above.
SCHEDULE 13D
1
|
NAME OF REPORTING PERSONS
Deerfield Management Company, L.P.
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b)
x
|
3
|
|
4
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
|
8
|
|
9
|
|
10
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
|
|
(9)
Comprised of 620,741 shares of common stock, warrants to purchase 39,250 shares of common stock and 659,220 shares of common stock issuable as of August 31, 2011 upon the conversion of 4,728 shares of Series A-1 Convertible Preferred Stock held by Deerfield Special Situations Fund International, Limited.
(10) See footnote 2 above.
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
Deerfield Special Situations Fund International, Limited
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b)
x
|
3
|
|
4
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
|
8
|
|
9
|
|
10
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
|
|
(11)
Comprised of 620,741 shares of common stock, warrants to purchase 39,250 shares of common stock and 659,220 shares of common stock issuable as of August 31, 2011 upon the conversion of 4,728 shares of Series A-1 Convertible Preferred Stock.
(12) See footnote 2 above.
SCHEDULE 13D
1
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NAME OF REPORTING PERSONS
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b)
x
|
3
|
|
4
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
|
8
|
|
9
|
|
10
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14
|
|
(13)
Comprised of an aggregate of 3,028,645 shares of common stock, warrants to purchase 363,987 shares of common stock and 6,114,236 shares of common stock issuable as of August 31, 2011 upon the conversion of an aggregate of 43,850 shares of Series A-1 Convertible Preferred Stock held by Deerfield Special Situations Fund, L.P., Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P. and Deerfield Special Situations Fund International, Limited.
(14) See footnote 2 above.
The Schedule 13D filed on October 19, 2009 by (i) Deerfield Capital, L.P. (“
Deerfield Capital
”), (ii) Deerfield Special Situations Fund, L.P. (“
Deerfield Special Situations Fund
”), (iii) Deerfield Private Design Fund, L.P. (“
Deerfield Private Design Fund
”), (iv) Deerfield Private Design International, L.P. (“
Deerfield Private Design International
”), (v) Deerfield Management Company, L.P. (“
Deerfield Management
”), (vi) Deerfield Special Situations Fund International, Limited (“
Deerfield Special Situations International
”) and (vii) James E. Flynn, a natural person (“
Flynn
” and collectively with Deerfield Capital, Deerfield Special Situations Fund, Deerfield Private Design Fund, Deerfield Private Design International, Deerfield Management and Deerfield Special Situations International, the “
Reporting Persons
”), as amended by Amendment No. 1 filed on June 11, 2010, Amendment No. 2 filed on September 16, 2010, Amendment No. 3 filed on February 4, 2011, Amendment No. 4 filed on May 25, 2011, Amendment No. 5 filed on June 13, 2011 and Amendment No. 6 filed on June 24, 2011 with respect to the securities of Talon Therapeutics, Inc. (the "
Company
") (formerly Hana Biosciences, Inc.) is hereby amended by this Amendment No. 7. Only those items hereby reported in this Amendment No. 7 are amended and all other items remain unchanged. Terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in Amendment No.1 to the Schedule 13D.
Items 5(a), 5(b) and 5(c) of the Schedule 13D are amended and restated to read as follows:
All of the computations and share amounts used here do not give effect to any accretion of shares Series A-1 Preferred Stock after August 31, 2011.
(a)
Number of shares: 9,506,868 (13)
Percentage of shares: 33.64% (2)
Number of shares: 8,187,657 (1)
Percentage of shares: 29.71% (2)
|
(3)
|
Deerfield Special Situations Fund
|
Number of shares: 713,076 (3)
Percentage of shares: 3.22% (2)
|
(4)
|
Deerfield Private Design Fund
|
Number of shares: 2,862,779 (5)
Percentage of shares: 12.00% (2)
|
(5)
|
Deerfield Private Design International
|
Number of shares: 4,611,802 (7)
Percentage of shares: 18.37% (2)
Number of shares: 1,319,211 (9)
Percentage of shares: 5.87% (2)
|
(7)
|
Deerfield Special Situations International
|
Number of shares: 1,319,211 (11)
Percentage of shares: 5.87% (2)
Number of shares: 9,506,868 (13)
Percentage of shares: 33.64% (2)
(b)
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 8,187,657 shares (1)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 8,187,657 shares (1)
|
(2)
|
Deerfield Special Situations Fund
|
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 713,076 shares (3)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 713,076 shares (3)
|
(3)
|
Deerfield Private Design Fund
|
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 2,862,779 shares (5)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 2,862,779 shares (5)
|
(4)
|
Deerfield Private Design International
|
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 4,611,802 shares (7)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 4,611,802 shares (7)
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 1,319,211 shares (9)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 1,319,211 shares (9)
|
(6)
|
Deerfield Special Situations International
|
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 1,319,211 shares (11)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 1,319,211 shares (11)
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 9,506,868 shares (13)
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition: 9,506,868 shares (13)
Flynn is the sole member of the general partner of each of Deerfield Capital and Deerfield Management. Deerfield Capital is the general partner of Deerfield Special Situations Fund, Deerfield Private Design Fund and Deerfield Private Design International. Deerfield Management is the investment manager of Deerfield Special Situations International.
(c) The following table sets forth the transactions effected by the Reporting Persons in the shares of Common Stock of the Company since the date of the filing of Amendment No. 6 on June 24, 2011. All transactions listed below were effected as open market sales.
Date
|
Seller
|
Number of Shares of Common Stock Sold
|
Price
|
June 23, 2011
|
Deerfield Special Situations Fund, L.P
|
11,320
|
$1.07
|
June 23, 2011
|
Deerfield Special Situations Fund International, Limited
|
20,378
|
$1.07
|
June 23, 2011
|
Deerfield Private Design Fund, L.P.
|
26,160
|
$1.07
|
June 23, 2011
|
Deerfield Private Design International, L.P.
|
42,142
|
$1.07
|
June 23, 2011
|
Deerfield Special Situations Fund, L.P
|
14,716
|
$1.07
|
June 23, 2011
|
Deerfield Special Situations Fund International, Limited
|
26,491
|
$1.07
|
June 24, 2011
|
Deerfield Private Design Fund, L.P.
|
34,008
|
$1.07
|
|
|
|
|
June 24, 2011
|
Deerfield Private Design International, L.P.
|
54,785
|
$1.07
|
June 27, 2011
|
Deerfield Special Situations Fund, L.P
|
1,755
|
$
1.06
|
June 27, 2011
|
Deerfield Special Situations Fund International, Limited
|
3,159
|
$1.06
|
June 27, 2011
|
Deerfield Private Design Fund, L.P.
|
4,055
|
$1.06
|
June 27, 2011
|
Deerfield Private Design International, L.P.
|
6,531
|
$1.06
|
July 14, 2011
|
Deerfield Special Situations Fund, L.P
|
1,494
|
$
0.99
|
July 14, 2011
|
Deerfield Special Situations Fund International, Limited
|
2,690
|
$
0.99
|
July 14, 2011
|
Deerfield Private Design Fund, L.P.
|
3,453
|
$
0.99
|
July 14, 2011
|
Deerfield Private Design International, L.P.
|
5,563
|
$
0.99
|
August 31, 2011
|
Deerfield Special Situations Fund, L.P
|
9,678
|
$
0.97
|
August 31, 2011
|
Deerfield Special Situations Fund International, Limited
|
17,423
|
$
0.97
|
August 31, 2011
|
Deerfield Private Design Fund, L.P.
|
22,367
|
$
0.97
|
August 31, 2011
|
Deerfield Private Design International, L.P.
|
36,032
|
$
0.97
|
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: September 7, 2011
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DEERFIELD CAPITAL, L.P.
|
|
|
|
|
|
By:
|
J.E. Flynn Capital LLC, General Partner
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
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Title:
|
Attorney-in-Fact*
|
|
|
DEERFIELD SPECIAL SITUATIONS FUND, L.P.
|
|
|
|
|
|
By:
|
Deerfield Capital, L.P., General Partner
|
|
|
|
|
|
|
By:
|
J.E. Flynn Capital LLC, General Partner
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
|
Title:
|
Attorney-in-Fact*
|
|
|
DEERFIELD PRIVATE DESIGN FUND, L.P.
|
|
|
|
|
|
By:
|
Deerfield Capital, L.P., General Partner
|
|
|
|
|
|
|
By:
|
J.E. Flynn Capital LLC, General Partner
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
|
Title:
|
Attorney-in-Fact*
|
|
|
DEERFIELD PRIVATE DESIGN INTERNATIONAL, L.P.
|
|
|
|
|
|
By:
|
Deerfield Capital, L.P., General Partner
|
|
|
|
|
|
|
By:
|
J.E. Flynn Capital LLC, General Partner
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
|
Title:
|
Attorney-in-Fact*
|
|
|
DEERFIELD MANAGEMENT COMPANY, L.P.
|
|
|
|
|
|
By:
|
Flynn Management LLC, General Partner
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
|
Title:
|
Attorney-in-Fact*
|
|
|
DEERFIELD SPECIAL SITUATIONS FUND INTERNATIONAL, LIMITED
|
|
|
|
|
|
|
By:
|
/s/ Darren Levine
|
|
|
Name:
|
Darren Levine
|
|
|
Title:
|
Attorney-in-Fact*
|
|
|
|
|
|
|
JAMES E. FLYNN
|
|
|
|
|
|
|
/s/ Darren Levine
|
|
|
Darren Levine, Attorney-in-Fact*
|
|
*Power of Attorney previously filed as Exhibit 99.3 to a Schedule 13D/A with regard to Hana Biosciences, Inc. (now known as Talon Therapeutics, Inc.) filed with the Securities and Exchange Commission on June 11, 2010 by Deerfield Capital L.P.; Deerfield Management Company, L.P.; Deerfield Special Situations Fund, L.P.; Deerfield Special Situations Fund International, Limited; Deerfield Private Design Fund, L.P.; Deerfield Private Design International, L.P. and James E. Flynn.